The Service I received from the Orders and Customer Service Team was very professional. Their responses were very quick and actioned on immediately.

Mr Gueorgui TzvetanovSenior ManagerERGO Austria International AG

The Research and Markets’ customer support team provided me with timely and immediate responses and delivered exactly the information that I was looking for – great job. Thank you very much. I would recommend them to anybody who is looking for market research data.

Great customer service and super responsive. I was having issues with my payment method but Claire in customer service was super responsive to help several times until the issue was entirely resolved. Great job

Mr Detlef RethagePresidentNitto Avecia Inc

The reports ordered are of good quality and are relevant to our business needs.

Mr Etienne AdriansenSenior Director Business EvaluationLEO Pharma

Thank you for all of your help! I think your service is excellent. It is an easy platform to order interesting reports.

Mr Tomi AmberlaConsultantPöyry Management Consulting

The team at Research and Markets are first rate. Their market intelligence is relevant and accurate and the customer service fast, responsive and dependable. I always benefit from knowledge gained from their comprehensive studies and will continue to utilize their services.

Ms Liz DickinsonCEOPhysical Enterprises Inc

I have bought reports from other sources but the report that I bought from Research and Markets was the most detailed of the lot. Their customer service was excellent and I was able to get the report without any fuss.

Mr Naveed KamalAsst Manager: Business DevelopmentRangs Group Ltd

Celebrating 15
years in business
by partnering
with UNICEF for education

FEATURED COMPANIES

“IoT technology market expected to grow at a CAGR of 25.1% during the forecast period”

The IoT technology market is expected to be valued at USD 639.74 billion by 2022, growing at a CAGR of 25.1% from 2017 to 2022. The growth of the IoT technology market can be attributed to the growing market of connected devices and increasing investments in the IoT industry. However, the lack of common communication protocols and communication standards across platforms, and high-power consumption by connected devices are hindering the growth of the IoT technology market.

“IoT technology market for BFSI end-use application expected to grow at the highest rate from 2017 to 2022”

The IoT technology market for the BFSI end-use application is expected to grow at the highest CAGR from 2017 to 2022. The growing mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly, which would propel the growth of IoT technology in the BFSI sector.

“IoT technology market in APAC expected to grow at the highest rate during the forecast period”

The IoT technology market segmented on the basis of region into North America, Europe, Asia Pacific, and Rest of the World. North America held the largest share of the IoT technology market in 2016 owing to the strategic initiatives taken by many large American technology firms, the early adoption of various IoT-enabled products across multiple end-user applications, and the increased research and development in the field of IoT. The market in APAC is expected to grow at the highest rate from 2017 to 2022 owing to the growing penetration of the Internet across commercial as well as residential spaces, high consumer base, and improving IT infrastructure.

Research Coverage:The report describes the IoT technology market and related developments in terms of node component, network infrastructure, hardware, software solution, platform, service, and end-use applications across different regions. It aims at estimating the market size and future growth potential of this market across different segments such as node component, network infrastructure, software solution, platform, service, end-use application, and geography. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Reasons to Buy the Report:

This report includes the market statistics pertaining to node component, network infrastructure, software solution, platform, service, end-use application, and geography along with their respective revenue.

Major drivers, restraints, opportunities, and challenges for the IoT technology market have been detailed in this report.

Illustrative segmentation, analysis, and forecast based on node component, network infrastructure, software solution, platform, service, end-use application, and geography have been provided to give an overall view of the IoT technology market.

A detailed competitive landscape has been provided including key players, in-depth analysis, and revenue of key players.

List of Figures (59 Figures)Figure 1 IoT Technology Market: Research DesignFigure 2 Market Size Estimation Methodology: Bottom-Up ApproachFigure 3 Market Size Estimation Methodology: Top-Down ApproachFigure 4 Assumptions for the Research StudyFigure 5 Software Solution is Expected to Hold A Major Share of the IoT Technology Market During the Forecast PeriodFigure 6 Industrial End-Use Application is Expected to Hold the Largest Share of the IoT Technology Market in 2022Figure 7 IoT Technology Market, By Geography, 2016Figure 8 Growing Use of IoT in Industrial Applications and Increasing Government Funding for R&D in IoT Propel the Growth of the IoT Technology MarketFigure 9 US and Software Solution Dominated the North America Market for IoT Technology in 2016Figure 10 Software Solution Held the Largest Share of the IoT Technology Market in 2016Figure 11 The US Held the Largest Share of the Global IoT Technology Market in 2016Figure 12 Growing Adoption of the Cloud Platform and Standardization of IPV6 Act as Major Driving Factors for the IoT Technology MarketFigure 13 Internet Users Till March 31, 2017, By RegionFigure 14 Internet Penetration Rate Till March 31, 2017, By RegionFigure 15 Cross-Domain Collaborations By Using IoTFigure 16 UK Investment, By Device Type, August 2016Figure 17 Value Chain: IoT TechnologyFigure 18 Connectivity IC is Expected to Hold the Largest Share of the IoT Technology Node Component Market, in Terms of Shipment, in 2017Figure 19 MPU is Expected to Hold the Largest Share of IoT Technology Node Component Market in 2017Figure 20 The Number of Shipments of Processors for Consumer Electronics is Expected to Hold the Largest Share of the IoT Technology Market in 2017Figure 21 Temperature Sensor is Expected to Hold the Largest Share of the IoT Technology Sensor Market in 2022Figure 22 The Shipment of Sensor in the IoT Technology Node Component Market for Building Automation Application is Expected to Dominate During the Forecast PeriodFigure 23 Wireless Connectivity Technology is Expected to Hold the Largest Share of the IoT Technology Node Component Market for Connectivity IC, in Terms of Volume, in 2017Figure 24 Shipment of Bluetooth for Connectivity IC is Expected to Hold the Largest Share of the IoT Technology Node Component Market in 2017Figure 25 Gateway is Expected to Grow at the Highest CAGR in the IoT Technology Market for Network Infrastructure Between 2017 and 2022Figure 26 North America Expected to Dominate IoT Technology Market for Network Infrastructure in 2017Figure 27 IoT Technology Market for Security Solution is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 28 APAC is Expected to Lead the IoT Technology Market for Software Solution By 2022Figure 29 IoT Technology Market for Device Management is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 30 North America is Expected to Hold the Largest Share of the IoT Technology Platform Market in 2017Figure 31 IoT Technology Market for Managed Services is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 32 North America is Expected to Hold the Largest Share of the IoT Technology Service Market in 2017Figure 33 Industrial End-Use Application is Expected to Hold the Largest Share of the IoT Technology Market in 2022Figure 34 Software Solution Held the Largest Share of the IoT Technology Market in 2017Figure 35 Wearable Technology–Key ApplicationsFigure 36 Smartwatch is Expected to Hold the Largest Share of Wearable Devices Shipment for IoT Technology Market During the Forecast PeriodFigure 37 In-Car Infotainment Held the Largest Share of the IoT Technology Market for Automotive and Transportation End-Use Application, in Terms of Volume, in 2017Figure 38 IP Cameras Shipment is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 39 Maximum Number of Temperature Sensors to Be Shipped in IoT Technology Market for Industrial End-Use Application, Both in 2017 and 2022Figure 40 Smart TV is Expected to Hold the Largest Share of Technology Market for Consumer Electronics End-Use Application, in Terms of Volume, During the Forecast PeriodFigure 41 MPOS Held the Maximum Share of the IoT Technology Market for Retail End-Use Application in 2017, in Terms of VolumeFigure 42 Temperature Sensors are Expected to Hold the Largest Share of the IoT Technology Market for Oil & Gas End-Use Application During the Forecast PeriodFigure 43 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 44 North America: Market SnapshotFigure 45 APAC: Market SnapshotFigure 46 Hardware Vendors in IoT Technology Market Adopted Product Launches as Key Growth Strategy Between 2014 and 2017Figure 47 Platform/Solution/Service Vendors in IoT Technology Market Adopted Acquisitions and Partnerships as Key Growth Strategies Between 2014 and 2017Figure 48 Intel: Company SnapshotFigure 49 Qualcomm: Company SnapshotFigure 50 Texas Instruments: Company SnapshotFigure 51 IBM: Company SnapshotFigure 52 Stmicroelectronics: Company SnapshotFigure 53 General Electric: Company SnapshotFigure 54 Hewlett Packard Enterprise: Company SnapshotFigure 55 Cisco Systems: Company SnapshotFigure 56 Microsoft: Company SnapshotFigure 57 Symantec: Company SnapshotFigure 58 PTC: Company SnapshotFigure 59 Alphabet: Company Snapshot

Note: Product cover images may vary from those shown

3 of 4

LOADING...

4 of 4

FEATURED COMPANIES

The IoT technology market is expected to grow from USD 176.00 Billion in 2016 to USD 639.74 Billion by 2022, at a CAGR of 25.1% during the forecast period. Major drivers for the growth of the IoT technology market are the increasing adoption of cloud platforms, the declining cost of smart sensors, and increasing investments by major giants of this industry in the IoT market.

The IoT technology market has been segmented into node component, network infrastructure, software solution, platform, and service. The software solution segment held a major share of the market in 2016. The significant growth in the number of connected devices and the requirement for data storage and analysis are the key factors leading to the dominance of this segment.

Of all the major end-use applications, the industrial end-use application held the largest share of the IoT technology market in 2016. The growth of the industrial application was primarily driven by the need to implement predictive maintenance techniques in industrial equipment to monitor their working and to avoid unscheduled downtimes in the production cycle. Furthermore, the government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are also promoting the implementation of the IoT solutions for the industrial end-use application.

The IoT technology market for the BFSI end-use application is expected to grow at the highest CAGR from 2017 to 2022, followed by building automation. The mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly. Banks are trying to create intelligent and personalized customer cross-selling opportunities, which would drive the market of IoT technology.

Of all the regions, North America held the largest market share of the overall IoT technology market in 2016. An established IT ecosystem and the early adoption of various IoT-enabled products across multiple end-user applications are the most prominent factors behind the growth of the market in this region. The IoT technology market in APAC is expected to grow at the highest CAGR from 2017 to 2022 owing to the huge investments by the companies for the development of IoT and the growing penetration of the Internet across commercial as well as residential spaces, high consumer base, and improving IT infrastructure.

One of the key restraining factors of the overall IoT technology market is the lack of privacy and security of data. As the number of connected devices is increasing with the growth in the adoption rate of IoT in end-use applications, a huge amount of data are being generated. Cyber criminals can hack into systems and use these data to automatically determine one’s car insurance, evaluate health status, track the behavior of a company’s strategy, and so on. Although encryption security keys can be used to secure the data, the key management would still be a major concern. The data security concern will continue to prevail and is expected to affect the demand for software and hardware for IoT applications, leading to the need for the development of more secure and highly encrypted chipsets in the near future.